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Mokyr, Joel The Second Industrial Revolution, 1870–1914 (1998) Mokyr, Joel. The Enlightened Economy: An Economic History of Britain 1700–1850 (2010) Rider, Christine, ed. Encyclopedia of the Age of the Industrial Revolution, 1700–1920 (2 vol. 2007) Roberts, Wayne.
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
The Second Industrial Revolution, also known as the Technological Revolution (1870s to 1914−WW I) — a phase of rapid and widespread industrialization following the First Industrial Revolution (1760s to 1820s−40s)
Where the First Industrial Revolution shifted production from artisans to factories, the Second Industrial Revolution pioneered an expansion in organization, coordination, and the scale of industry, spurred on by technology and transportation advancements. Railroads opened the West, creating farms, towns, and markets where none had existed.
The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
"First globalization" is a phrase used by economists to describe the world's first major period of globalization of trade and finance, which took place between 1870 and 1914. The "second globalization" began in 1944 and ended in 1971. This led to the third era of globalization, which began in 1989 and continues today. [1]
The policy and ideology of European colonial expansion between the 1870s (circa opening of Suez Canal and Second Industrial Revolution) and the outbreak of World War I in 1914 are often characterized as the "New Imperialism". The period is distinguished by an unprecedented pursuit of what has been termed "empire for empire's sake," aggressive ...
Like the typewriter, these machines were products of the second phase of the Industrial Revolution which started near the end of the 19th century (also called the Second Industrial Revolution). [1] This second phase brought to mass markets technologies like the small electric motors and the products of industrial chemistry without which the ...